Cell C turnaround drive set to lift profit by 30%

"The debt is an effect and not a cause. Debt is an effect of efficiency," he said.

"Our target is to increase efficiency of the company."
Click to expand...

Mind trotting that past myself again? I understand you want to make more debt?

heap big whizzkids with their tech savvy talk... *mutter*
 
"The debt is an effect and not a cause. Debt is an effect of efficiency," he said.
Click to expand...

My gut tells me this is such BS. It might fly in an MBA exam but in the real world come on!

He said Cell C could benefit from plans by Saudi Arabia's Oger Telecom to buy a stake in the fixed-line company, Telkom.
Click to expand...

Yes...this would be the best thing for South Africa...not! When CellC actually makes a profit after their massive interest repayments on their debt let me know.
 
Last edited:
pkid said:
My gut tells me this is such BS. It might fly in an MBA exam but in the real world come on!



Yes...this would be the best thing for South Africa...not! When CellC actually makes a profit after their massive interest repayments on their debt let me know.
Click to expand...

Cell C are about to announce profits, you will be extremely surprised at how well they have done this past year.
 
warwickw said:
Cell C are about to announce profits, you will be extremely surprised at how well they have done this past year.
Click to expand...

I am behind CellC all the way - they really have done something to help the people. (Here I refer to the Woza Weekender).

60 minutes sounds like nothing, but it is a great help, enabling my wife, sis-in-law and mom-in-law to chat to each other over weekends.

Telkom can't touch them for the Woza weekender.

I really do hope CellC manages to get more people and expand their network.
 
But a lot of that cash goes to debt repayment because they have hundreds of millions of Rand in debt. That was my point...

http://www.moneyweb.co.za/mw/view/mw/en/page38?oid=192522&sn=Detail

Cell C, which releases its full-year results in March, trails the massive subscriber numbers of much larger rivals MTN and Vodacom and has been weighed down by debts, which currently amount to about 11.6 billion rand.
Click to expand...

The interest on 11.6 billion must be huge!
 
warwickw said:
Cell C are about to announce profits, you will be extremely surprised at how well they have done this past year.
Click to expand...
They already announced a "profit" a year or so back. Only they redefined profit as EBITDA. :rolleyes:

Once they do make an actual profit, they still have to provide a return to the shareholders and make up for the last few years losses.

Every finance/strategy related thing I hear about CellC is IMO 100% wrong, so I'm not holding my breath.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X